China

Beijing -- China's central bank, falling in line with central banks of major economies, has cut both the interest rate and the cash reserve ratio for its commercial banks.

Beijing -- Some of the Wall Street professionals let go in the U.S. financial crisis may soon be working for Chinese financial houses.

Since October 2007, the Chinese stock markets have done a nosedive, making our S&P 500's drop of 25% over the same period dull in comparison. From their October highs, the Shanghai Composite (SSE) is down 62%, and the Hang Seng is down 39%.

There's been plenty of emerging growth success stories out of China over the past few years -- budding companies taking advantage of the same tremendous economic opportunity that has made plenty of international investors rich. But I've found investments from another sector that are beating the pants off Chinese stocks -- and I know where you can find out more about them.

According to Chinese state television, three Chinese astronauts orbiting the earth in their space capsule, Shenzhou VII spacecraft after performing nation’s first spacewalk returned unharmed to earth.

Bangkok -- Frenchman Jo-Wilfried Tsonga won the Thailand Open Sunday, defeating favorite Novak Djokovic of Serbia in straight sets.

Zhengzhou, China -- Passengers in Zhengzhou, China, say they had to push a 20-ton airplane to the terminal after it flew 500 miles and broke down after landing.

Beijing -- Astronaut Zhai Zhigang became the first Chinese man to walk in space Saturday, clambering out of a spacecraft and waving a Chinese flag.

Beijing -- Andy Roddick rallied for a three-set victory Friday but there were three upsets in quarterfinal action at the $524,000 China Open tennis tournament in Beijing.

Bangkok -- World No. 3-ranked Novak Djokovic advanced to the semifinals of the $576,000 Thailand Open with a straight-set victory Friday in Bangkok.

Beijing -- Local favorite Jie Zheng upset second-seeded Ana Ivanovic in quarterfinal play Friday at the $600,000 China Open tennis tournament in Beijing.

Beijing -- Defending tournament champion Agnes Szavay was defeated Thursday in second-round action at the $600,000 China Open hard-court tennis tournament in Beijing.

Beijing -- Support crews Wednesday fueled up the rocket that will launch China's third manned spacecraft into orbit, a space agency spokesman said.